Barclays PLC Acquires 5,846 Shares of Paragon 28, Inc. (NYSE:FNA)

Barclays PLC boosted its holdings in Paragon 28, Inc. (NYSE:FNA) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,658 shares of the company’s stock after purchasing an additional 5,846 shares during the period. Barclays PLC owned about 0.11% of Paragon 28 worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNA. Venturi Wealth Management LLC bought a new position in shares of Paragon 28 in the 4th quarter valued at about $36,000. AlphaQuest LLC grew its stake in Paragon 28 by 33.6% in the fourth quarter. AlphaQuest LLC now owns 3,680 shares of the company’s stock valued at $38,000 after purchasing an additional 925 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Paragon 28 during the 4th quarter worth approximately $94,000. New York State Common Retirement Fund raised its stake in shares of Paragon 28 by 374.6% during the 4th quarter. New York State Common Retirement Fund now owns 14,570 shares of the company’s stock worth $151,000 after purchasing an additional 11,500 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Paragon 28 by 15.0% during the 4th quarter. Ballentine Partners LLC now owns 15,630 shares of the company’s stock worth $161,000 after purchasing an additional 2,043 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on FNA shares. William Blair lowered shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group set a $13.00 price objective on shares of Paragon 28 in a research note on Wednesday, January 29th. Needham & Company LLC reiterated a “hold” rating and issued a $13.00 target price on shares of Paragon 28 in a research note on Wednesday, January 29th. Finally, Stephens reissued an “equal weight” rating and set a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.20.

Insider Buying and Selling at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 164,664 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $13.01, for a total transaction of $2,142,278.64. Following the transaction, the insider now owns 8,854,883 shares in the company, valued at $115,202,027.83. This represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 1,828,706 shares of company stock valued at $23,810,399 in the last ninety days. 15.32% of the stock is currently owned by corporate insiders.

Paragon 28 Stock Performance

Shares of FNA stock opened at $13.11 on Tuesday. Paragon 28, Inc. has a 52 week low of $4.65 and a 52 week high of $13.13. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -17.71 and a beta of 1.47. The company has a 50-day simple moving average of $13.05 and a 200 day simple moving average of $11.20. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50.

Paragon 28 (NYSE:FNA) last issued its quarterly earnings data on Thursday, March 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $71.75 million for the quarter, compared to the consensus estimate of $70.81 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. On average, sell-side analysts predict that Paragon 28, Inc. will post -0.64 earnings per share for the current year.

Paragon 28 Profile

Paragon 28, Inc develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems.